5 Room (5A) HDB for Sale in 502 Hougang Avenue 8

The valuation for the HDB 5-room unit located in Hougang reflects a robust market position, with an estimated value of $614,340, translating to $472 PSF. This valuation is noteworthy given the property’s remaining lease of 58 years, which positions it favorably in a market where leasehold dynamics play a critical role in buyer sentiment and pricing. The high model confidence rating indicates that the valuation is grounded in a thorough analysis of the local market, bolstered by data from 151 recent HDB resale transactions within the vicinity.

Current market signals indicate that this property is valued above the market baseline by 13.9%, highlighting its attractiveness amidst a competitive landscape. This premium suggests strong demand factors at play, potentially driven by the area’s infrastructure developments, community amenities, and overall lifestyle appeal. As the Hougang precinct continues to evolve, the sustainable interest in HDB units with significant remaining leases such as this one is expected to maintain upward momentum, making it a compelling investment opportunity for discerning buyers seeking both immediate occupancy and long-term value appreciation.